The Tucson Association of REALTORS® installed its 2014 board of directors and honored its award-winning members this week at ceremonies led by Judy Lowe, Commissioner of the Arizona Real Estate Department.

Steve Redmond of Long Realty Company was installed as 2014 president of the Tucson Association of REALTORS® (TAR) and Kimberly Clifton of Tierra Antigua Realty was installed as 2014 president of the TAR Multiple Listing Service (TAR/MLS).

The association’s award-winners for 2013 were:

• REALTOR® of the Year:  Wendy Trush, Tierra Antigua Realty
• Affiliate of the Year:  Kim Dees, Washington Federal
• Roy P. Drachman Community Achievement Award:  Aaron Wilson, Keller Williams Southern Arizona
• Florence Johnoff Community Achievement Award:  Stewart Title & Trust – Accepted by President John Rafferty
• Corporate Community Achievement Award:  Long Realty Company – Accepted by CEO Rosey Koberlein
• Outstanding Service Award:  Jerome King, Long Realty Company
• Committee of the Year:  Housing Opportunities, chaired by Tom Heath of Bancapital Home Loans

In January, Redmond will replace outgoing TAR president Cathy Erchull of Tierra Antigua Realty.  Clifton will replace Sue Cartun of Keller Williams Southern Arizona.  Erchull’s and Cartun’s terms expire at that time.

Joining Redmond as 2014 TAR officers:

• President-elect Nicole Brulé-Fisher of RE/MAX Trends
• Vice president Eric Gibbs of Coldwell Banker Residential Brokerage
• Treasurer Lynn Hellwig of HomeSmart Advantage Group
• Immediate past president Cathy Erchull of Tierra Antigua Realty

Serving on the 2014 TAR Board of Directors:

• Miriam Bell of HomeSmart Advantage Group
• Lisa Burns of Fidelity National Home Warranty
• Ignacio Castro of Castro Real Estate Services
• Ginny Huffman of Imagine Realty Services
• Darla Johnson of Vista One Realty Group
• LuAnn Kidd of Long Realty Company
• Barbara Lasky of Tierra Antigua Realty
• Greg McCown of Century 21 1^st American
• Pahl Newlon of Coldwell Banker Residential Brokerage
• Pam Ruggeroli of Long Realty Company
• Wendy Trush of Tierra Antigua Realty
• Laury Watson of Vail Realty

2014 TAR/MLS Board

Joining Clifton on the 2014 TAR/MLS Board are:

• Jim Adams, Long Realty
• Sue Cartun, Keller Williams
• Patricia Erickson, Coldwell Banker Residential Brokerage
• Kevin Kaplan, Long Realty
• Mark Shinn, Realty Executives Tucson Elite
• Becky Taylor, Tierra Antigua Realty
• Bob Zachmeier, Win3 Realty
• Henry Zipf, Henry Zipf Realty

Once the TAR/MLS board convenes, it will select its 2014 officers.

Redmond has been a REALTOR® with Long Realty Company since 2003. He is a GRI (Graduate, REALTOR® Institute) and member of the TAR Charitable Foundation Board.

Clifton owns Tierra Antigua Realty and this will be her third term as TAR/MLS president.

Below is a summary of each award winner:

REALTOR® of Year:  Wendy Trush, Tierra Antigua Realty, this award recognizes an individual who contributes to the overall real estate industry as a strong leader; and to the community as valued volunteer.  Trush serves on the boards of TAR and the Tucson REALTORS® Charitable Foundation; chairing the Foundation’s Fundraising Committee. For the TAR Housing Opportunities Committee, she teaches financial literacy to high school students and adults.  She participates in Junior Achievement and Meals on Wheels. At Tierra Antigua, she teaches, coaches and mentors new agents.  She also teaches continuing education in the industry.

Affiliate of Year:  Kim Dees, Washington Federal, Affiliate members are key participants and supporters of TAR, and are honored for serving TAR with distinction.  Dees, an expert in home loans, was recognized for her quality customer service.  She understands the need to be flexible with borrowers, that each mortgage must fit the exact needs of the client.  She serves on the Tucson REALTORS® Charitable Foundation and is Vice Chair of the Housing Opportunities Committee.  She helped develop the curriculum and activities to teach financial literacy to high school students and taught classes.  Dees also is active in the Women’s Council of REALTORS®.

Drachman Community Achievement:  Aaron Wilson of Keller Williams. This honor recognizes a REALTOR® for community service and involvement that advances the profession.  It honors Roy P. Drachman, a well-known Tucson REALTOR®, innovative commercial developer and generous philanthropist.  Wilson led a widespread effort that raised over $30,000 for Honor Flight Southern Arizona.  That was enough money to fund an entire three-day trip to Washington, DC. for 80 World War II veterans to see the memorial built in their honor.   Thanks to Aaron, Honor Flight was able to charter a plane for the first-time.  That was a significant achievement since most of the veterans were in wheelchairs.   Aaron, a 20-year Air Force veteran, raised money locally and also organized a fund-raising bike ride across Iowa.

Johnoff Community Achievement:  Stewart Title; President John Rafferty. This award recognized an Affiliate company and the collective efforts of its employees for their community service and involvement in TAR.  Johnoff was the association’s first women president in 1977 and a leader in civic service.  The Stewart Title team had representation at every TAR function this past year.  They were key financial supporters and sponsors of several major TAR and Charitable Foundation activities. Individually, their employees took a high-profile presence at activities such as Affiliate meetings; Seize the Day; Young Professional Network; and various TAR mixers, educational classes, and other business-related activities.

Corporate Community Achievement Award:  Long Realty Company – CEO Rosey Koberlein. This honor recognizes a company that demonstrated exceptional commitment to making our community better.  It is one of the more competitive categories because so many companies do many good things during the year.  Long Realty was honored for their overall involvement and civic contributions that focus on being good corporate partners and strong community builders.  The keystone of their philanthropy is the Long Realty Cares Foundation.  Established in 2002, it has given over $2 million to over 170 different local charities.

Outstanding Service Award:  Jerome King, Long Realty Company.  This award recognizes an individual who has served TAR and the broader real estate industry with distinction.  Since 2002, King has shared his expertise and leadership at the statewide level, serving on the Arizona Association of REALTORS® (AAR) Risk Management Committee.  He has worked on issues such as purchase contracts, resales purchase contracts, and short sales.  He also has served as an AAR Board Member.  King has helped to educate other REALTORS® throughout Tucson, southeast Arizona, Sierra Vista, Green Valley and Sahuarita.  He also donates his time to Continuing Education as an Arizona Department of Real Estate instructor.

Committee of Year:  Housing Opportunities.  As TAR’s top-performing committee, this volunteer group, chaired by Tom Heath of Bancapital Home Loans, was honored for advancing the goals of the association. This committee develops financial literacy programs, builds community partnerships and prepares people for responsible and successful home ownership.  It presents the From High School to Home Ownership program.  For adults, it partnered with the United Way to provide financial workshops.  Both programs raise awareness of the importance of financial stability.  This committee orchestrated the Seize the Day event that promoted 49 local non-profits and their services.  And in collaboration with the University of Arizona, it is finalist for an MPA Common Grounds award for Arizona Financial Faceoff.  About 225 people attended the annual installation and awards luncheon at the Westin La Paloma hotel resort.  The theme was Pay It Forward.  Rosey Koberlein, CEO of Long Companies, served as MC.

“As we look forward to 2014, I am confident that our new leaders will continue the progress that was made by our 2013 leadership.  Next year will be a transition period for real estate in Southern Arizona and I am confident the right talent is in place to advance the goals of our association,” said TAR CEO Philip Tedesco, RCE, CAE.

Real Estate Daily News is sponsored by Stewart Title and Trust – The only title company named one of

“AMERICA’S MOST TRUSTWORTHY COMPANIES” in 2012 by Forbes®.

Contact Stewart Title & Trust of Tucson at (520) 327-7373 for your next closing.

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you time. Here you will find the headlines and what the news buzz for the day will be.

The Dow Jones industrial average edged down 8.99 points, or 0.1%, to 15,967.03 on Tuesday. The Standard & Poor’s 500 index lost 3.66 points, or 0.2%, to 1,787.87 and the NASDAQ composite fell 17.51 points, or 0.4%, to 3,931.55. Benchmark U.S. crude for December delivery gained 31 cents to close at $93.34 a barrel on the New York Mercantile Exchange.

APPLE GETS $10 MILLION FROM ARIZONA COMMERCE AUTHORITY
Apple will get $10 million from a state business recruitment fund for its 700-worker domestic manufacturing plant planned in Mesa. The Arizona Commerce Authority announced the $10 million grant from the Arizona Competes Fund. The fund is administered by Gov. Jan Brewer and the ACA. The Competes Fund is a $25 million pool used by Brewer and ACA to close deals to bring high-wage businesses and jobs to the state. The Apple money is contingent upon job creation and capital investment by Apple and its manufacturing partner for the East Valley plant, New Hampshire-based GT Advanced Technologies. The Commerce Authority now estimates the capital investments for the Apple plant could total as much as $1.5 billion. The glass component plant will be powered by solar energy and other sources, according to Apple officials. The Salt River Project is partnering with Apple on that project. The ACA estimates the Apple plant will create 1,300 construction jobs to transform the former First Solar factory site. An Apple entity bought the plant site from First Solar on Halloween for $113 million.

RETAILERS EXPECTING 3.1% JUMP IN BLACK FRIDAY SALES
Chicago — Retailers anticipate a 3.1% increase in sales on Black Friday this year, mirroring their projections from last year. However, a new a survey of top retail chief marketing officers by BDO USA shows that retailers have moderated their expectations for growth in Cyber Monday sales, predicting that sales will grow by 3.7% this year, down slightly from last year’s sunnier 4.3% growth projection. Only 13% of retailers plan to begin their holiday promotions ahead of Black Friday, fewer than the proportion who don’t have any promotions lined up at all (16%) and equal to the proportion that plan to concentrate their promotions over the Thanksgiving weekend. And, further highlighting the decreasing emphasis on Thanksgiving weekend, half say they will spread their promotions evenly throughout the season. Regardless of timing, consumers can expect to see a growing number of discounts this holiday season: A majority of CMOs (63%) anticipate more deals this year.

COME JOIN IN THE FUN AT TUCSON PARADE OF LIGHTS
Tucson, AZ –The Downtown Parade of Lights, now marking its 19th anniversary, is seeking entries to join the floats, brightly decorated vehicles and live music that will fill the streets on December 21, 2013, spreading joy to thousands of onlookers. All neighborhood, youth, and community organizations are welcome, along with dance troupes, families, local businesses, musical groups, and individual participants – pretty much everybody can join in on the fun. The Parade is an expression of Tucson’s community spirit over the holidays, bringing cheer to Southern Arizonans of all ages for the past nineteen years. Entries are being accepted through Monday, December 9th, with fees starting at just $35 per group. All entries are eligible to win prizes up to $500 cash. A panel of judges will make their selection of the best entries before the parade, so entries can proudly display their award-winning float along the parade route. A photo gallery of the 2012 Parade of Lights and the entry form for the 2013 Parade of Lights are available at www.DowntownTucson.org/visit/ParadeofLights. More information is available by emailing Brandi Haga at [email protected], or by visiting DowntownTucson.org.

COLE CORPORATE INCOME TRUST BUYS NOBLE ENERGY ONE, HOUSTON
HOUSTON-Trammell Crow Co. and partner Prudential Real Estate Investors sold Noble Energy Center One to Scottsdale-based, Cole Corporate Income Trust Inc. The JV sellers disposed of the 497,000-square-foot building only months after breaking ground on the second 450,000-square-foot Noble Energy Center Two. Noble Energy Center One is at 1001 Noble Energy Way in Houston, TX. Once part of the massive Compaq/Hewlett-Packard complex, the building has undergone a significant capital renovation, which included modifications to lobbies, elevators, landscaping, common areas, signage and other aspects of the building and parking garage. The project also obtained LEED® Gold certification from the US Green Building Council. Bernard Branca, Jared Chua and Russell Ingrum with CBRE represented the seller. In January 2012, Noble Energy Inc. signed a long-term lease to establish its global corporate headquarters in the building for more than 10 years. Noble is leasing Energy Center One, and will lease Energy Center Two, that will be complete by 2015. The company’s new campus is anticipated to employ more than 1,600 individuals by 2015. Bernard Branca, Jared Chua and Russell Ingrum with CBRE represented the seller.

JPMORGAN / GOVERNMENT FINALIZE DEAL
WASHINGTON (AP) — JPMorgan Chase & Co. reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank’s sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis. The agreement is the latest chapter in the bursting of the housing bubble. The settlement announced Tuesday requires JPMorgan to pay $9 billion and provide $4 billion in consumer relief, including principal reductions and other mortgage modifications for homeowners facing foreclosure.

JOHNSON & JOHNSON TO PAY OUT $2.5 BILLION IN SETTLEMENTS
WASHINGTON (AP) — Johnson & Johnson said late Tuesday that it will pay $2.5 billion to settle thousands of lawsuits brought by hip replacement patients who accuse the company of selling faulty implants that led to injuries and additional surgeries. The agreement presented in U.S. District Court in Toledo, Ohio, is one of the largest for the medical device industry. It resolves an estimated 8,000 cases of patients who had to have the company’s metal ball-and-socket hip implant removed or replaced. J&J pulled the implant from the market in 2010 after data showed it failed sooner than older implants. The deal provides roughly $250,000 per patient and covers those who had their implants removed or replaced before Aug. 31 this year. The company expects to make most of the payments to patients in 2014.

US SAFETY AGENCY OPENS PROBE INTO TESLA FIRES
DETROIT (AP) — The U.S. government’s auto safety watchdog is investigating whether Tesla’s Model S electric car is vulnerable to fires because roadway debris can pierce the car’s underbody and battery. The National Highway Traffic Administration, which announced the probe early Tuesday, is looking into two incidents in which Model S drivers struck metal objects on highways. The objects penetrated the bottom of the car, punctured the battery and caused fires. Both drivers were warned of a problem by the car and escaped safely.

CORPORATION DEAL-SHY EVEN WITH STOCK SURGES
NEW YORK (AP) — A surging stock market usually comes with a boom in corporate deal-making, but deals are lagging this year, even as the market notches a series of record highs and is headed for its best year in a decade. Deal levels are sluggish for a number of reasons. The U.S. economic recovery has been slow and unsteady. Investors are concerned that growth could falter if the Federal Reserve withdraws its huge stimulus program too quickly. Stock valuations are getting pricier. There are also fears of more budget fights in Washington and a possible default by the U.S. government.

FLORIDA LOOKING TO MIDEAST FOR AVIATION BONANZA
DUBAI, United Arab Emirates (AP) — Tucked near the back of one of the world’s largest airshows is a modest pavilion for the state of Florida, where a handful of businesses are trying to get a piece of the billions being invested in the aviation industry by wealthy Arab governments. Facing stagnation and even economic downturn back home, 11 Florida companies are hawking aviation equipment and training services at the Dubai Airshow, located in a sprawling Arabian desert site that will soon be home to the region’s newest mega-airport. The industry’s most lucrative deals are increasingly being inked in the Middle East, and the biennial airshow gives businesses a chance to promote their products globally. Nearly $200 billion in deals have been announced over the first two days. Florida, which has more than 2,000 aviation and aerospace companies operating there, is the only U.S. state represented.

BUTTERBALL MYSTERY: WHY DON’T TURKEYS PLUMP UP?
NEW YORK (AP) — Butterball apparently has a big fat mystery on its hands: The company says it doesn’t know why some of its turkeys wouldn’t plump up in time for Thanksgiving this year. CEO Rod Brenneman says in an interview that it’s the first time it happened and that the company is investigating what went wrong. Butterball had announced last week that it will have a limited supply of large, fresh turkeys that are 16 pounds or heavier for the holidays. Butterball, a privately held company based in Garner, N.C., declined to say whether it made any changes to its feed formula this year. But the problem seems to have come up rather recently.

BEST BUY POSTS Q3 PROFIT, SALES FLAT
NEW YORK (AP) — Best Buy says it is committed to “winning” the holiday season with price matching, doorbusters and deals as well as its earliest ever opening hours on Thanksgiving — even if that means profit pressure for the electronics retailer in the fourth quarter. Best Buy CEO Hubert Joly has been cutting costs, adding employee training and matching online prices to get customers into stores as it faces competition from discounters and online retailers. On Tuesday the Minneapolis company reported it returned to a profit in the third quarter as the busy holiday season revs up. But the company says it expects a tough competitive environment during the last two months of the year, which can account for up to 40 per cent of a retailer’s annual revenue.

KICKING CAMPBELL SOUP’S CAN
NEW YORK (AP) — Americans’ shift toward fresh foods is kicking Campbell Soup right in the can. The company on Tuesday said its quarterly profit fell 30% as U.S. sales of soups and V8 beverage declined. A recall of its recently acquired Plum Organics products also hurt results and the company cut its outlook for the year. Campbell Soup, based in Camden, N.J., has been trying to reshape its image as a purveyor of shelf-stable canned and other packaged products that are sold in the center aisles of supermarkets. The push comes as people increasingly reach for foods they feel are fresh, migrating toward the perimeters of grocery stores where produce, meats and dairy are sold.

HOME DEPOT Q3 RESULTS UP
ATLANTA – Home Depot’s fiscal third-quarter profit climbed as sales at its U.S. stores strengthened amid the improvement of the housing market. The results for the nation’s biggest home improvement company beat analysts’ estimates and the chain also lifted its full-year forecast again on Tuesday. Its shares briefly touched an all-time high. Home improvement companies have been benefiting from record-low interest rates and rising home prices, spurring customers to spend more to renovate their homes.

Real Estate Daily News is sponsored by Stewart Title and Trust – The only title company named one of

“AMERICA’S MOST TRUSTWORTHY COMPANIES” in 2012 by Forbes®.

Contact Stewart Title & Trust of Tucson at (520) 327-7373 for your next closing.

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The Reid Park Zoological Society (RPZS), a non-profit membership and fund-raising organization for the Reid Park Zoo sold 765 acres of raw land for[mepr-show rules=”58038″] $3 million ($3,922 per acre), known as the Ruby Star Ranch. The property included a 2,987-square-foot ranch house (built 1945). The Ruby Star Ranch was a donation made to RPZS in 2010.

Nancy Schegel, Director of RPZS said, “The use of the proceeds will be used to support the mission of the Reid Park Zoological Society, that is to enhance the value of Reid Park Zoo to the community.” The Society provides quality service and support to Reid Park Zoo and the community through education, financial resources and public awareness.

The buyer, Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is a leading international natural resources company with headquarters in Phoenix. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, molybdenum, cobalt, oil and gas. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry. FCX is also the world’s largest producer of molybdenum and a significant gold, oil and gas producer.

The Ruby Star Ranch will give Freeport-McMoRan additional flexibility should the company integrate Twin Buttes with its existing Sierrita operation, and helps ensure sufficient space needed to maintain mining operations over the long term.

There were no brokers involved in the transaction.[/mepr-show]

For information about the Reid Park Zoological Society, visit www.tucsonzoo.org.

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